David Eduardo wrote:
> "Miguel Cruz" wrote:
>> I think that alone is enough to conclude that the meaning of "best" you've
>> inferred is not what he intended. He didn't ask "What countries have the
>> most currency units per dollar?"
>
> How would you, then, define "best exchange rate."
The one that provided the most advantageous purchasing power ratio.
> The rate of exchange is simply a math formula. It has nothing to do with
> purchasing power.
If the rate of exchange were to change, then the PP ratio would also change
(at least in the short term), creating a more or less favorable situation
for the traveler.
> If the poster wanted to know "value" than he should have asked about value,
> not the rate of exchange.
That was clearly the poster's question. You are beating him up over failure
to use proper jargon, which is ridiculous behavior. This is not an economics
class.
miguel
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